Buying an Auto insurance policy can sometimes be a difficult process. That's why we've researched the 10 largest auto insurance companies in the United States (U.S.), one that suits your needs. We've reviewed some of the best car insurance companies in terms of cost, coverage, customer satisfaction, and more.
What are the top 10 largest auto
insurance companies?
Drivers have
many options when shopping for car
insurance. While there are many local companies around the corner, many
people prefer to work with big, nationwide brands that are more familiar. These
insurance companies offer a wide
range of coverage options to suit your needs and protect you and your
passengers on the road.
Looking at the largest car insurance companies can help you determine who has a reputation with customers across the country. According to the National Association of Insurance Commissioners (NAIC), here are the top 10 largest car insurance companies in the country:
What are the top 5 insurance
companies?
The top five
insurance companies control about 57 percent of the car insurance industry. These auto
insurance companies are:
- State
farm insurance
- Ic
Geico Insurance
- Progressive
insurance
- All-State Insurance
- USAA
Insurance
Who is the number one insurance
company?
State Firm
topped the list as the largest car
insurance company in the country in 2019 with over $ 40.9 billion in
personal passenger car premiums.
Take a
closer look at the top 10 largest auto
insurance companies
We will take
a closer look at the top 10 largest auto
insurance companies in the United
States (US) to see what they offer and how they are ranked in national
research. Feel free to check out our full review of each insurance carrier.
· State Farm Insurance
State Farm is the largest auto insurance company
in the country. This is a great choice for drivers who are looking for
personalized care from their own dedicated local agents. After gaining an A ++
rating on AM Best, the company has a reputation for average customer service
and a good financial position.
State firms
offer the lowest rates in the country for different types of coverage. You can
get standard liability coverage, as well as add-ons such as roadside
assistance, rental coverage, and more. Save money by taking advantage of state
firm discounts for good students, good drivers, students away from home,
multiple vehicles in your policy, and safe driving.
Our first
choice for families, including students, State Farm provides two safe driving
apps and a mobile app for drivers to manage their auto insurance policies.
To learn
more, read our full review of State Firm Auto
Insurance.
State
Availability: Coverage is available in 50 states and the District of Columbia,
but is not accepting new customers in Massachusetts and Rhode Island.
· Zico Insurance (Berkshire Hathaway Group)
Geico is the second-largest auto insurance company.
With an A ++ rating from AM Best and Average Customer Service, this
money-saving insurance provider has
earned a 4.5-star rating from our research. A single driver without an accident
or ticket can expect to pay around $ 295 for a six-month policy.
In addition
to standard liability and comprehensive coverage, it offers use-based coverage,
accident forgiveness, coverage for alternative vehicles, and more. Drivers can
access affordable car insurance rates, even if they are high-risk drivers or
teen drivers.
See Geico's
extensive discounts for adding multiple vehicles to your policy, bundling
multiple policies, and being a safer driver. You can save money if you have
some security features installed in your car. Geico gives drivers access to a high-rated mobile app and voice
support with Amazon Alexa.
To learn
more, read our full review about Geico Auto
Insurance. State Availability: Coverage is available in all 50 states and
the District of Columbia.
· Progressive insurance
A reputation
for progressive transparency helped it achieve a 4.5 rating. It provides
online tools that allow you to compare quotes
from multiple car insurance companies
on its site. The company earned an A + from AM Best and received an average
customer satisfaction rating.
Customers
can purchase standard insurance, as
well as rental car reimbursement, use-based coverage, and custom parts and
equipment insurance. Progressive
also provides drivers with accident forgiveness.
A single
driver with a clean driving record can expect to pay around $ 77 per month.
Progressive tend to have higher rates than some other providers, but it does
make it with a wide range of discounts you can qualify for. Drivers can bundle
policies, add multiple vehicles to a policy, and save money by driving safely,
as well as by becoming a student, military member, or homeowner.
Progressive's
Snapshot® tool tracks your driving habits and allows you to consistently earn
discounts for safe driving.
To learn
more, read our full review of progressive car insurance. State Availability:
Coverage is available in all 50 states and the District of Columbia.
· Allstate Insurance
As the
fourth largest car insurance company,
Allstate pays close attention to each of its insured drivers, keeping them in
"good hands." With an average customer service rating and an A +
score from AM Best, the company has achieved a 4.0-star rating after our
in-depth research.
Allstate
provides auto insurance for a
variety of needs, such as roadside assistance, use-based insurance, accident forgiveness, new car replacement, and
alternative vehicle insurance.
An auto insurance policy for a single
driver with a clean driving record will be about $ 156 per month depending on
the location. Allstate is a great option if you have low credit or are a young
driver. It offers multiple car insurance, safe driving, and discounts for
installing safety features on your car. Drivers also have access to a helpful
and user-friendly mobile app.
To learn
more, read our full review of Allstate Auto Insurance. State Availability:
Coverage is available in all 50 states and the District of Columbia.
· USAA Insurance
USAA is not
only one of the largest auto insurance
companies in the United States, but it also offers the best rates if you
qualify for coverage. The USAA is
rated high but is only available to drivers who are military members, veterans, or family members of military members. In terms of satisfaction score, USAA has
an excellent customer service rating and an A ++ score from AM Best. It has
also achieved high scores from JD Power.
These
insurance companies offer a full coverage option, which includes benefits such
as accident forgiveness and new car replacements. The USAA will even cover alternative vehicles such as motorcycles, boats, and RVs. If you
have bad credit or a bad driving record, it offers great rates. The cost of car
insurance for a six-month policy, including a driver, a vehicle, and a clean
driving record, average 70 per month.
There are
many discounts in the USA that drivers can qualify for, including discounts for
multiple vehicles, bundling policy, new driver safety, students with good
grades, and more. It has user-friendly online tools and a mobile app where you
can pay, file a claim or access your insurance card.
To learn
more, read our full review about USAA car insurance. State Availability:
Coverage is available in all 50 states and the District of Columbia.
· Liberty Mutual Insurance
Liberty
Mutual has earned a 4.0 rating from our research, based on AM's best A rating
and average customer satisfaction. Like most major insurers in the country, it offers a wide range of coverage options
as well as optional coverage such as uninsured motorist protection, personal
injury protection, and medical care. Liberty Mutual also covers classic cars,
ATVs, RVs, and trailers.
Drivers can
expect an average rate that will depend on location, driving history, and other
personal factors. To help drivers save money, Liberty Mutual Policy offers
bundling discounts, adding multiple vehicles to one policy, safe driving,
online shopping, and more.
To learn
more, read our full review of Liberty Mutual Auto Insurance. State
Availability: Coverage is available in all 50 states and the District of
Columbia.
· Farmer Insurance
Another
major car insurance company is farmer
insurance. Farmers have earned a 4.0-star rating from our research. It has
an A to AM best and has an average customer satisfaction rating. This is a
great option when you purchase comprehensive coverage and it also provides
useful protection such as accident forgiveness, roadside assistance, new car
replacement, and rideshare coverage.
You have
many discount options, such as discounts for rideshare drivers, alternative
fuel use, paperless, safe driving, and being a senior or member of a specific
profession.
To learn
more, read our full review of Farmers Auto Insurance. State Availability:
Coverage is available in all 50 states and the District of Columbia.
· Nationwide insurance
Known
nationwide for the slogan "Stay by your side". Its average customer
service rating and A + score from AM Best gave it a 4.0-star rating. Nationwide
coverage is available in 47 states. You can purchase a policy for conflict,
comprehensive, liability, and medical payments as well as useful add-on
coverage. The insurer also forgives the accident.
As one of
the largest auto insurance companies, Nationwide
can help customers save money when bundling multiple policies, using car safety
features, driving safely, crash-free, and signing up for automatic payments.
To learn
more, read our full review of nationwide car
insurance. State Availability: Coverage is available in all states except
Louisiana, Alaska, Hawaii, and Massachusetts.
· American Family Insurance
The American
family has a reputation for good customer service and an efficient claims
process. Our research has shown that it has an A rating from AM Best which
helps it to get a 4.0-star rating. Its coverage is only available in 19 states,
mostly in the West and Midwest.
Coverage
options from American families include roadside assistance, rental car rents,
and more. You can save money when you qualify for discounts by bundling
multiple policies, adding multiple vehicles to your policy, completing a
defensive driving course, being accident-free, and maintaining good grades.
AmFam offers a variety of insurance products, making it a great choice for
bundling and storing if you need other types of insurance.
To learn
more, read our full review of American
Family Auto Insurance. State
Availability: Coverage Arizona,
Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri,
Nebraska, Nevada, North Dakota, Ohio, Oregon, South Dakota, Utah, and
Washington.
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· Travel Insurance
The last of
the 10 largest auto insurance companies
is Travelers Insurance. Travelers have achieved a 4.0 rating for its extensive
coverage and average customer satisfaction after our study. Policyholders can
feel secure in the insurer's financial position, as travelers have received an
A ++ rating from AM Best. Coverage from travelers is available in 43 states.
With
travelers, you can buy gap insurance,
rental coverage, roadside assistance, rideshare coverage, and more. Save money
with discounts for safe driving, continuous auto insurance coverage, full
payment of your premiums, and a policy bundle. Travelers give drivers access to
its mobile app, website, and Amazon Alexa Virtual Assistant to manage policy
details.
To find out
more, read our full review of travelers' auto
insurance. State Availability: Coverage is available in all states except Alaska, Hawaii, Michigan, North Dakota,
South Dakota, West Virginia, and Wyoming.
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